Forty Management launches the first bond issue on the Bucharest Stock Exchange

Romanian developer Forty Management announces the launch of the first issue of guaranteed bonds worth a maximum of EUR 5 million, with a maturity of four years and a coupon payable semi-annually. Recently, developer Nusco also announced the listing of bonds on the Bucharest Stock Exchange, also worth EUR 5 million.

The private placement is coordinated by broker Goldring and represents a first step in testing the capital market by Forty, as a new financing solution in the company's evolution towards listing on the stock exchange.

“In the last nine years, Forty Management has grown organically, developing innovative and sustainable projects, traditionally financed through equity and bank loans. Today, we are ready to explore the option of the capital market, in a context in which the local market is mature enough for such financial instruments and open to sustainable financing with a positive long-term impact,” said Lucian Azoiței, CEO of Forty Management.